The Covid-19 pandemic has caused a historic contraction in the demand for offices, accentuating the oversupply and pushing prices down. Additionally, at the beginning of the third quarter there are no indications that the Coronavirus (SARS-COV-2) is controlled in Mexico.

The office segment intrinsically linked to the economy is on the decline due to the slowdown, the fall in employment and the sanitary restrictions that force people to remain in confinement. The corporations, since March in compliance with the strategy to contain the pandemic presented by the federal government, carry out their work under the teleworking scheme. Likewise, construction works during April and May were paralyzed, and resumed as of June, which had a significant impact on the construction rhythm, this was announced by Solili in its 2Q 2020 National Office Report.

Complete article (Spanish)